Time left 0:24:07 Question 1 Not yet answered Marked out of 1.00 P Flag question On January 1, 2019, Deegan Cor. acquired 80% of Freedman Cor. for $300,000 cash. At that date, Freedman reported common stock of $200,000 and retained earnings of $150,000. Any excess is assigned to buildings, which had a fair value $25,000 greater than book value and a remaining life of 8 years. Based on the information given above, what amount of unamortized Excess of buildings will be reported in the consolidated balance sheet on Dec 31, 2019? Select one: O a. $21,875 O b. $20,000 O c. $22,500 O d. $25,000